Form 4: Universal Corp. Senior Vice President Reports Stock Transaction
SEC Form 4 Filing
Preston Douglas Wigner, a Senior Vice President at Universal Corp., reported surrendering 2,220 shares of common stock to cover withholding taxes related to vested restricted stock units on May 23, 2024.
Summary
- On May 23, 2024, Preston Douglas Wigner, a Senior Vice President at Universal Corp., surrendered 2,220 shares of common stock to the company.
- This transaction was to satisfy withholding taxes related to previously granted restricted stock units that vested on the same date.
- Following the transaction, Wigner beneficially owns 48,936 shares, including 17,100 restricted stock units and 2,836 dividend equivalent units earned on the restricted stock units.
Sentiment
Score: 5
Explanation: The sentiment is neutral as it reflects a standard transaction related to executive compensation and tax obligations.
Industry Context
Form 4 filings are a routine part of corporate governance, providing transparency into the transactions of company insiders. This filing indicates the vesting of restricted stock units and the subsequent surrender of shares to cover tax obligations, a common practice in executive compensation.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders as it is a routine part of executive compensation.
Key Dates
| Date | Description |
|---|---|
| 05/23/2024 | Date of transaction: surrender of shares for tax withholding and vesting of restricted stock units. |
| 05/28/2024 | Date of signature by attorney-in-fact. |
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